China’s central bank will guide financial resources to flow to the private economy and roll out guidelines to support private firms, the bank said in a statement on Thursday following a meeting …
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China wants to cut kids’ smartphone access after 10 p.m. and limit them to 2-hours a day as part of a bid to protect ‘core socialist values’
Chinese regulators want to give parents tools to restrict screentime for their children. Zhang Peng—LightRocket via Getty Images Beijing regulators have launched a new salvo in their war against kids …
China’s Finance Ministry announces tax reductions for key groups to boost employment
China’s Ministry of Finance and three other departments on Wednesday announced tax reduction for key groups including college graduates and people who just walk out of poverty, in a bid to support …
China Seen Cutting Banks’ Reserve Ratio in August to Add Cash
China’s central bank may cut the reserve-requirement ratio for major banks as soon as this month in an effort to boost lending and revive momentum for the economic recovery.
China offers subsidy funds for Beijing, Hebei to repair roads after rainstorms
BEIJING — China has allocated 30 million yuan (about $4.2 million) of emergency road repair subsidy to Beijing and Hebei Province following typhoon-triggered rainstorms. The special funds were issued by the Ministry of Finance and…
China’s central bank conducts 3-bln-yuan reverse repos
BEIJING, Aug. 3 (Xinhua) — China’s central bank conducted 3 billion yuan (422.54 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.9 percent Thursday. The move is aimed at …
China’s household debt creeps upward, approaching warning line of International Monetary Fund
Excessive levels of indebtedness and slow income growth among Chinese residents are constraining consumption, but China’s Politburo is hoping domestic demand will boost economy Given the debt stress, …
China customizes financial support for small, medium, micro-sized enterprises
China will provide customized, diversified financial support for medium, small and micro-sized enterprises on key industrial chains of the manufacturing sector, the People’s Bank of China, the country …
Experts: Steps needed to ease bank pressure
Lou said the central bank can alleviate the pressure on commercial banks’ profits by launching structural monetary policy tools to drive the cost of banks’ liabilities lower.
China economy: Beijing must follow words with action to restore growth and confidence
The raft of second-quarter economic data should lay to rest lingering doubts about China’s post-pandemic recovery having run its course Beijing’s macroeconomic policies are out of sync with reality, …
China has to stabilize its housing market and address risks to its economy if it wants to avoid ‘Japanification’, JPMorgan says
financial imbalance, and an aging population. The comparison comes from the early 1990s, when Japan endured a spell weak economic growth, low inflation, a broad decline in asset prices, and a “balance …
U.S. lawmakers accuse prominent investment firms of steering dollars to China
The House Select Committee on the Chinese Communist Party launched an investigation into two lucrative New York-based global investment firms suspected of funneling U.S. dollars into blacklisted …
The End of China’s Economic Miracle
Initially, some parts of China’s economy did indeed grow: pent-up demand for domestic tourism, hospitality, and retail services all made solid contributions to the recovery. Exports grew in the first …
